SAR wants to become a major player on the convention scene as part of efforts to offset Covid-19 damage to its gaming industry. <\/p>\n\n\n\n\n\n\n\n
Macau.- Macau is looking to grow its reputation as an international convention city to offset the damage caused by the Covid-19 pandemic to its gaming industry. <\/p>\n\n\n\n
Is yet to be seen how the Coronavirus pandemic will impact the convention industry both locally and globally, but the SAR is looking to become a bigger player in the sector as part of efforts to diversify its economy.<\/p>\n\n\n\n
The city achieved a better ranking according to the most recent International Congress and Convention Association (ICCA) \u201cInternational Meetings Market 2019 Report”. <\/p>\n\n\n\n
Macau currently sits in 48th place, up 23 spots from the previous survey. Among Asia-Pacific cities, Macau now ranks 12th, up five places.<\/p>\n\n\n\n
According to the Macau Trade and Investment Promotion Institute (IPIM), which announced the results, science and technology related conventions played a key role in Macau\u2019s higher ranking.<\/p>\n","protected":false},"excerpt":{"rendered":"
SAR wants to become a major player on the convention scene as part of efforts to offset Covid-19 damage to its gaming industry.<\/p>\n","protected":false},"author":2,"featured_media":6787,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau is strategically pivoting to enhance its international convention industry standing, aiming to mitigate the significant economic impact of the Covid-19 pandemic on its core gaming sector. This diversification effort, evidenced by Macau's improved ranking in the ICCA's 2019 report, particularly in science and technology conventions, seeks to bolster the SAR's economic resilience.","focusai_entities":"International Congress and Convention Association (ICCA), Macau Trade and Investment Promotion Institute (IPIM)","focusai_location":"Macau, Asia-Pacific","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MICE Strategy Impact","query":"What specific capital expenditure and operational adjustments are Macau's integrated resort operators planning to align with the SAR's enhanced MICE strategy and mitigate gaming revenue volatility?"},{"label":"Regulatory Frameworks","query":"How might the Macau government's focus on convention industry growth influence future regulatory frameworks or incentive programs for non-gaming revenue streams within integrated resorts?"}],"footnotes":""},"categories":[160,157,16338,158],"tags":[257],"class_list":["post-6783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-east-asia-news","category-slider-home","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6783"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6783\/revisions"}],"predecessor-version":[{"id":19940,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6783\/revisions\/19940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6787"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}